Just as important, the Administration must deal decisively with the insanity of mark-to-market, or so-called fair value, accounting that has forced institutions under severe pressure from regulators and accountants to maniacally mark down to absurdly low levels the value of unmarketable securities and assets, thus destroying entities that have positive cash flows.

FORBES: Magazine Article

"However, it is very disappointing that low US gas prices have impacted the carrying value of the Fayetteville assets, " he said.

BBC: BHP Billiton in $3.3bn writedown as gas prices plunge

Lately, we have been thinking about combining relative strength (buying the one asset out of a basket of assets that has the strongest performance over time) with value, momentum, low beta and small stocks investing.

FORBES: How to Beat the Market: The New Momentum Strategy

The buyout barons wrote down the value of their assets significantly and saw some of their desperate investors unload slices of their funds for as low as 40 cents on the dollar.

FORBES: The Great Private Equity Comeback Is Complete--At Least On Paper